Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Business Profile for EquiTrust Life Insurance Company However, the insurance companys rating through A.M. Best is noticeably lower than many other modern carriers, despite them being known for having reputable financial strength. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Columbus, Ohio Area. EquiTrust Cons: Not a BBB accredited company. Most of the time, you'll see your account growing in value. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. EquiTrust Life Insurance has 125 employees. Type of Entity: Corporation. Comparison shopping should be easy. Award-Winning Sales Intel. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. In 2016, EquiTrust surpassed $17 billion in total assets. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Your email address will not be published. 1991-2023 National Association of Insurance Commissioners. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! In return, the client receives an instantly leveraged death benefit with long-term growth potential. AnnuityGator. On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . The EquiTrust Life Insurance Company ratings indicate that this company will have . Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Please fill out the form below and click "Place Order" to complete your order. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. EquiTrust Life Insurance Company. Offers life insurance and annuities. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Our opinions are our own. PA 2700-FM-AQ0021 2007 . Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. If youre wanting something more short-term, such as a term life insurance policy, save some money by finding another insurance provider to work with, such asBanner, SBLI, Assurity, or American National. Our founder was born into slavery and grew Access to every published model law, regulation, and guideline. For this particular review, well focus just on the life insurance side of things: With a focus on accumulation and leverage, EquiTrusts life insurance products are aligned to help consumers utilize their current cash or cash flow for growth with the future in mind. BBB File Opened: 8/13/2012. As always, conduct your own research on a variety of carriers before signing any paperwork. 1.9. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Must pass suitability requirements. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. EquiTrust allows customers to file claims via email, fax, or phone. EquiTrust Life Insurance Company has been around since 1996. EquiTrust Life is a specialized insurance company, with a focus on life insurance. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. EquiTrust Life Insurance Company EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. A financial services company newly renamed and offering individual and business life insurance, and annuities. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Comparison shopping should be easy. Privacy Policy. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. These are the three product options currently available on the market: The first, named WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire durationof the policy are due upon approval. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Although not a giant, household name, EquiTrust Life Insurance Company has held a steady place within the life insurance industry since 1996, namely for its suite of indexed products. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. What life insurance products does the EquiTrust Life Insurance Company offer? EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. U.S. Industry Overview & Market Statistics: JOHN HANCOCK LIFE INSURANCE COMPANY U.S.A. BLUE CROSS & BLUE SHIELD OF NORTH CAROLINA, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? The third, named WealthPay LifeTM, is really a combination product. All content is for educational purposes only. Are Any of These Annuities Right for You? Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. Applicants must be between the ages of 45 and 80. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. The website also does not provide important information about claims processing. If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Susan Andersen - Assistant Vice President Marketing - EquiTrust Life If, however, the underlying performs poorly in a given period, there are no losses to your account. Here at the blog, our job is to educate and inform people about the best insurance for them. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . FBL Financial Group Inc. - AnnualReports.com Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. at 866-598-3694 or visit the Agent. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. It is built on the understanding that competitive returns and minimal taxation are . This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Equitrust Life Insurance Co. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Of course, with so many different life insurance carriers in the marketplace (in the hundreds these days), you should be evaluating the carrier you plan to work with way before signing any paperwork. We strive to help you make confident insurance decisions. Should you feel confident pursuing EquiTrust for your insurance needs?
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